Statewide Accounting glossary
This is a list of terms used within the Washington Administrative and Accounting Manual (WAAM) and within Workday. To find a term, enter it in in the search box, and select 'Apply'.
Term |
Category | Definition |
|---|---|---|
| Worktag: Ledger Account |
Used to classify, in summary, all transactions of the state into the following categories: assets, liabilities, fund balance, deferred outflows of resources, deferred inflows of resources, revenue, expenditure, and statistical accounts. (Format: 12345) |
|
| Worktag: Location |
Identifies the physical location of business assets for tracking and conducting physical inventory. (Format: LC123456789) |
|
| Worktag: Program |
Identifies the major activities of an agency as expressed as a primary function or organizational unit. (Format: PG12345) |
|
| Worktag: Project |
Accumulates costs for work with a planned outcome over a time period with a defined start and end date that may be capitalized or expensed. Used for operating, capital, and special projects to support management reporting. (Format: PJ123456789) |
|
| Worktag: Region |
Used to track financial activity to a county, city or town within the state or, at a high level only, out-of-state. (Format: RG123) |
|
| Worktag: Revenue Category |
Provides a granular view of all revenue types. (Format: RC12345) |
|
| Worktag: Sales Items |
Provides a further breakdown of the revenue category for interagency and customer billings to support agency reporting needs. (Format: SL12345) |
|
| Worktag: Spend Category |
Provides a granular view of all expenditures/expenses. (Format: SC12345) |
|
| Worktags |
Worktags are labels that are assigned to transactions, accounts, and other financial data within the system. Worktags help organize and analyze financial data in a variety of ways. Worktags allow for classifying financial information to fulfill the need for uniform, consistent terminology, and classifications to be used for budgeting, accounting, and reporting the financial activities of the state. Worktags in Workday can be categorized into two types: Statewide and Company-Specific. |
